Copa Di Vino is a single-serve premium vine bottled in vine glass. Copa Di Vino’s net worth is around $70 million this year after the Splash Group acquired it in 2021, and it is still in business successfully as of 2023.
The founder, James Martin, appeared on Shark Tank not once but twice. First, in Shark Tank, Season 2, Episode 1 reappears in Season 3, Episode 11. However, it made history by leaving Shark Tank and rejecting all the offers.
But how did Copa Di Vino become this successful? Read now and stay till the end of the article to find out more.
Copa Di Vino’s net worth 2023
Copa Di Vino is estimated to have a net worth of around $70 million as of 2023. After the first appearance on The Shark Tank company increased its sales from $600,000 to $5 million in 2012.
Even though he rejected the offers at the second appearance, it reached $20 million in yearly sales by 2015. Moreover, the company increase its annual revenue to $70 million by 2021. In 2020, Splash Beverage Group Inc acquired the Copa Di Vino. And still growing with multiple retailers around the US.
|Copa Di Vino’s Net worth before appearing on Shark Tank||5 Million USD (business valuation)|
|Copa Di Vino’s Current Net worth (2023)||70 Million USD|
|Episode||Season 02 Episode 1 and Season 3 Episode 11|
|Company name||Copa Di Vino|
|Product||Wine in a glass|
|Asked for||$300,000 for 5% Equity|
|Final deal||Declined Offer|
|Business status||Acquired and In Business|
|Location||The Dalles, Oregon|
Despite its success, it remains the most frustrating deal at the Shark Tank, and the owner became the most hated guest on the Shark Tank.
What is Copa Di Vino?
Copa Di Vino means a glass of wine. It’s a premium vine that comes in a glass container in a vine shape. It has seven flavors. This product is carefully packaged in a bottle that feels like a wine glass. It also has a “splash-proof cap” that is 100% recyclable.
Owner James started his journey as a family business in the wine industry in 2005. But after an inspirational trip abroad, Copa Di Vino was born in 2009 and appeared on Shark Tank Season 2 in 2011.
You can buy them online from their site and retailers like 7-Eleven, and Walmart around the country. Now the company is located in The Dalles, Oregon, United States.
Because of this, everyone is curious about the founder.
Who Is The Founder Of Copa Di Vino?
James Smith is the founder and CEO of the Copa Di Vino Company. He started a wine company in 2005 because he’s from Oregon wine country. Before starting the company, he worked in the technology field.
He is a graduate of Portland State University. Following that, he began the Oregon Mountain Estate beverage company in 2012. Then he became a successful entrepreneur in the industry within a few years.
And according to our research online, even after the acquisition, he still worked as the CEO of the Copa Di Vino.
What happened to Copa Di Vino in Shark Tank?
Copa de Vino appeared on Shark Tank not once but twice. On its first appearance, he requested $300,000 for 5% but only received an offer from Kevin O’Leary. It’s $600,000 for 51% of the intellectual property.
But he rejected the offer as he was mainly interested in the patent for the brand. However, his negotiations could have made more sharks happy. And it left Shark Tank without a deal.
Following its massive success, he appeared in Shark Tank season 3 for $300,000 for 5%. Then it received $600,000 for 30% from three sharks Mark Cuban, Kevin O’Leary, and Robert Herjevic.
But James bluntly rejected the offer, and the Sharks were upset about his attitude. Also, he left the Shark Tank again without a deal-making history as the most frustrating Shark Tank Pitch.
Copa Di Vino Shark Tank Update – What Happened After the Shark Tank?
Copa Di Vino appeared on Shark Tank twice and left the show after rejecting all the offers. However, many investors and retailers notice the product after the show. And they have generated $5 million in sales within one year.
The company expanded its reach by teaming up with big-name stores like 7-Eleven, Walmart, Kroger, and Ralph’s Wines. However, he rejected the sharks’ offers during the second pitch.
Splash Beverage Group acquired the company for $5.98 million in 2020. Following this, the company is making around $20 million yearly in revenue with a net worth of over $70 million.
Copa Di Vino Product Review
After the first appearance of Shark Tank, the product caught the attention of many customers. And it got investments and opportunities to work with famous retailers. So it received positive feedback from customers and five stars on Amazon.
Many are amazed that it is recyclable and can be used on the go. Also, having premium wine with little effort was their dream. However, many still consider competitor brands like Scheid Vineyards Inc, ZD Wines, and Bargetto Winery.
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Copa Di Vino and its continued success.
Yes, the Copa Di Vino is still successfully in business. And it is yet expanding in the market.
Copa Di Vino is still in business in June 2023 and has over $70 million in net worth.
The Splash Beverage Group acquired the company for $5.98 million in 2020.
The Splash Beverage Group acquired the Copa Di Vino company in 2020.
James Martin is the founder and CEO of the Copa Di Vino company.